We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
I know I must be a little crazy.....
daveg14
Posts: 3 Newbie
....but, at the ripe old age of 64 (and a half....ish!), I'm retired and mortgage free, and I'm considering the possibility of purchasing a holiday home, for around 85-100k; My question is, could I get a mortgage/remortgage, based on my pension being my sole income, and for a period of say 15 years, or would it have to be a secured loan on my house, (approx value 300k)......subject of course to being able to afford the repayments!!
Not even sure if this is the right question, or the forum to be asking on, but I'm sure there's an Oracle or three can point me in the right direction?
Thanks folks..........Dave.
Not even sure if this is the right question, or the forum to be asking on, but I'm sure there's an Oracle or three can point me in the right direction?
Thanks folks..........Dave.
0
Comments
-
You'd be better off moving this to the main mortgage forum, there be mortgage advisors and their ilk lurking there
0 -
I do think I read somewhere you could get a mortgage up to your 80:eek::eek::eek: but I take it your pension would need to be a good one.
I got a mortgage 4 years ago that would take me up to I'm 70 :eek::eek::eek: hence the reason I'm on this forum Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_Now a Part Timer from 27.10.190 -
Thanks for that0
-
Good call 0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards